Accelerated Growth of Warehouse Management System e-Commerce Industry

Global warehouse management system market size is expected to grow from USD 2.8 billion in 2021 to USD 6.1 billion by 2026, at a CAGR of 16.7% from 2021 to 2026.

The increase of e-commerce and online buying trends of customers is further driving the growth of warehouse management systems market.

The e-commerce industry is experiencing tremendous growth with the increasing use of the internet and internet-enabled devices such as smartphones, tablets, and desktops. The growth of the e-commerce industry can be attributed to the increasing trend of electronic fund transfer, internet marketing, online transaction processing, and electronic data interchange. E-commerce has modernized the retail business concept for organizations, vendors and customers by reducing cost, improved quality, and speedy delivery of products. E-commerce has four major models: business-to-business (B2B), business-to-customer (B2C), customer-to-customer (C2C), and customer-to-business (C2B). E-commerce is one of the fastest-growing end-user industries of WMS solutions.

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To continue with the social and economic activities, the world has turned toward digital solutions. To keep businesses afloat, several small and middle-scale industries have started being opened to digitization. The e-commerce industry is expected to grow at a high rate owing to the increasing number of online shoppers. E-commerce offers convenience, such as real-time tracking, easy returns, and huge stock. A significant shift in consumers’ purchasing behavior has resulted in the increased implementation of real-time WMS software solutions for efficient order processing, picking, packaging, shipment tracking, and route planning. WMS helps companies quickly adapt to the changing customer requirements in the e-commerce and online shopping space. Further, the implementation of WMS helps in managing warehouses at an optimum level, with increased productivity and efficiency of warehouse operations and reduced product delivery time.

Key Market Players

Manhattan Associates, Inc. (US), Blue Yonder Group, Inc. (US), HighJump (Körber) (US)>, Oracle Corporation (US), IBM (US), and SAP (Germany)are a few major players in warehouse management system market.